Children's Golf Foundation Inc

Nonprofit profile at a glance

EIN
650262208
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Riviera Beach, FL, USA
Phone
5618420066
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,015,804
Expenses
$2,272,510
Assets
$3,298,152
Liabilities
$253,989

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • ANDREW HUNT (TREASURE COAST PRESIDENT/SECRETARY)
  • LISA NAPOLI (TREASURE COAST VICE PRESIDENT)
  • GREG THOMPSON (BROWARD PRESIDENT)
  • DR EDWARD SLOTNICK (PALM BEACH VICE PRESIDENT)
  • JOE GORMAN (PALM BEACH PRESIDENT)
  • ERICA BENNETT (TREASURE COAST VICE PRESIDENT)

Highest reported compensation

  • CARL J MISTRETTA JR (EXECUTIVE DIRECTOR): $210,507 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To positvely impact the lives of young people, including those with special needs and veterans by providing educational programs that build character, instill life enhancing values and promote healthy choices through the game of golf.

What it reported doing in 2024

Our organization's larger territory includes palm beach, martin, st. Lucie and broward counties. In 2024, we served 4,710 kids and teens in first tee programs, 1,035 children with special needs and 763 veterans. 61% of our students are ethnically diverse (primarily african american or hispanic) and 40% female. We partner with other your organizations that serve underrepresented children and veterans, such as boys and girls clubs, ymca, police athletic leagues, special olympics, mission united and the veterans' administration hospital. Our staff, coaches, volunteers and board members are background checked and receive online and in-person training from first tee headquarters. Twelve of our first tee high school students were selected to attend first tee head quarters participant opportunities, including the pure insurance championship at pebble beach. Eighteen chapter alumni were awarded collegescholarships for the 2024-2025 school year. College scholarship awards are offered to qualified and dedicated students who participate in one of our local chapters through their high school years and assist our golf coaching staff. Candidates are eligible to receive a grant for their college related expenses for the first four years of their academic attendance. Scholarships are allowed to be used for school tuition, computer equipment, books or dormitory housing, the scholarship amounts depend upon the number of candidates and the available funding. For the year ending december 31, 2024, over $87,000 were awarded in college scholarships which were approved by the scholarship committee.

Operating model

Revenue model
Donor-supported. 64% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 73
  • Accountability: 100
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.7%; rating input score 96
  • Program expense ratio: 84.8%; rating input score 85
  • Fundraising efficiency: $7.61 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -12.7%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 1.45; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 9.3%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 8.6% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 8.9% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 10.7% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 95.7% of revenue deployed · 84.8% of spending went to programs
  • Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $1.9M in reported program spending
  • Leadership: top reported pay $211K · 18 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 38 of 39 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 29/100.
  • High — Sustainability: Operating margin scored 11/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.